A new bullish target for the XRP price has been set, as a crypto analyst has announced a recent breakout from a Symmetrical Triangle pattern. The analyst has shared a chart showing XRP’s price action on a 3-day timeframe, highlighting key resistance levels that could help propel the cryptocurrency to a bullish target of $8. Symmetrical Triangle To Push XRP Price To $8 According to the TradingView crypto analyst identified by the pseudonym “PlaceUrBetsPlease,” the XRP price is breaking out from a Symmetrical Triangle pattern, suggesting upward momentum. A Symmetrical Triangle is a chart pattern that signals a period of consolidation, showing no clear indication of a bullish or bearish feeling. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The analyst highlighted key resistance and support levels in his chart, projecting a new ATH target for the XRP price. He emphasized that the cryptocurrency has maintained a price above the weekly support area of $2.21, a critical level reinforcing its bullish position. Currently, XRP is set to retest a new resistance level at $2.35, which the analyst suggests is required to trigger the cryptocurrency’s next upward push. The TradingView market expert has also revealed that after XRP’s breakout from the Symmetrical Triangle pattern, the next move is a massive price surge to $8. The analyst’s projection aligns with Fibonacci extension levels, a technical tool for predicting potential price targets during an uptrend. In the presented chart, he suggested that the price levels at $4 (1.272 Fib), $6 (2.618 Fib), and $7 (3.618 Fib) would serve as potential resistance areas for XRP to overcome and hit a new ATH target of $8. This bullish target corresponds with the 4.236 Fibonacci extension level, marking a 1,500% surge from the initial breakout point. Notably, the TradingView expert disclosed that his predicted XRP price target of $8 coincides with historical percentage gains observed during previous bull runs. The analyst also notes that XRP’s previous ATH above the $3.32 level, as indicated by the price chart, is within reach. The cryptocurrency achieved its all-time high of $3.84 during its bull rally in 2018, marking one of its most exponential price surges since its inception. Expect A Pull Back Along The Way While the TradingView analyst remains significantly bullish on XRP’s price outlook, he also cautions about potential pullbacks and market volatility. He warns that investors and traders should be prepared for a possible 10%, 20%, and 30% price pullback as XRP moves towards its predicted target. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do While these corrections may delay XRP’s price growth to $8, the analyst has reassured that pullbacks are expected in the cryptocurrency market, especially during strong uptrends. Based on CoinMarketCap’s data, the XRP price is currently trading at $2.45, meaning the cryptocurrency would need to rise by approximately 233% to reach an $8 ATH. Featured image created with Dall.E, chart from Tradingview.com
XRP price started a fresh surge above the $2.50 level despite pressure on Bitcoin. The price is still showing positive signs and aiming for a fresh increase above the $2.550 resistance. XRP price gained over 10% and rallied above the $2.50 zone. The price is now trading above $2.450 and the 100-hourly Simple Moving Average. There is a short-term bullish flag forming with resistance at $2.550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.40 support. XRP Price Remains In Uptrend Above $2.40 XRP price managed to start a fresh increase above the $2.42 and $2.45 resistance levels. The price gained over 10% and outperformed both Bitcoin and Ethereum. There was a move above the $2.50 and $2.550 levels. The price traded as high as $2.5979 and is currently consolidating gains. There was a minor move below the $2.55 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.246 swing low to the $2.597 high. The price is now trading above $2.450 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.550 level. There is also a short-term bullish flag forming with resistance at $2.550 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.60 level. The next resistance is $2.65. A clear move above the $2.65 resistance might send the price toward the $2.735 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.8250 in the near term. The next major hurdle for the bulls might be $2.950. Downside Correction? If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.4850 level. The next major support is near the $2.420 level and the 50% Fib retracement level of the upward move from the $2.246 swing low to the $2.597 high. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.320 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.4850 and $2.420. Major Resistance Levels – $2.550 and $2.600.
Over the last seven days, the price of XRP increased by 4.36%, emerging as one of the standout gainers with most of the crypto market struggling with significant losses. Following a general price correction in December, the prominent altcoin has experienced some stable growth rising by 19.52% since the start of 2025. However, certain price […]
The price of XRP rose by 3.47% in the last day, yet the altcoin failed to recover from its bearish performance in the past week. In line with the general crypto market, XRP appears to be stuck in a range-bound market as more speculations arise on the viability of the current crypto bull run. However, XRP market analysts also remain bullish with recent predictions continuing to back a two-digit price target for the asset. Related Reading: 300 Million XRP On The Move: Ripple Labs Sparks Speculation How XRP Can Swing Based On XRP/BTC Chart – Analyst In an X post on January 10, popular XRP analyst Egrag Crypto highlighted several potential bullish scenarios for altcoin based on its performance in relation to Bitcoin. Earlier in May 2024, Egrag Crypto had stated that XRP and Bitcoin are mixing like the Atlantic and Pacific Oceans with distinct charts and trends yet still interacting significantly with the other. Based on these interactions as seen in the XRP/BTC chart, price projections for the altcoin are highly bullish. However, introducing a baseline conversion price of Bitcoin at $120,000, there are three possible uptrend scenarios for XRP based on previous price performance. In a moderate scenario A based on historical data from 2017, Egrag Crypto states XRP could gain by 1,264% pushing the XRP/BTC ratio approximately 0.000107. This circumstance translates into a potential XRP price of $12. According to historical data from 2017, Egrag highlights a strongly bullish scenario B where XRP’s price could rise by 3,600% resulting in a XRP/BTC ratio around 0.000247 and a market price of $29. The final scenario C which is more conservative and based on XRP’s performance in 2021 shows a “mere” 500% gain that produces a ratio of 0.000041, resulting in a potential XRP price of $5. Related Reading: What To Expect After The Bitcoin Price Crash Below $100,000 Crypto Expert’s Prediction Points To $27 Target Based on a mix of all these scenarios, Egrag drops a personal forecast in which the XRP/BTC ratio is expected to first rise to between 0.00007 and 0.00010, indicating a potential price of $8.5 – $12 for the altcoin. Thereafter, the crypto analyst expects a correction before the ratio races to around 0.00014 at which XRP may trade between $17 – $27. At press time, XRP trades at $2.34 following a 2.78% gain as earlier stated. However, daily trading volume is down by 15.20% and currently valued at $5.35 billion. Meanwhile, the coin’s performance on larger timeframes indicates turbulence in recent weeks as evidenced by losses of 4.65% and 3.69% in the past seven and thirty days respectively. Albeit, with a market cap of $134.74 billion, XRP ranks as the fourth largest crypto asset. Featured image from Blockzeit, chart from Tradingview
XRP price is holding the ground above $2.20 despite pressure on Bitcoin. The price is still consolidating and aiming for a fresh increase above the $2.320 resistance. XRP price is still in a range mode above the $2.25 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.20 support. XRP Price Consolidates Below $2.40 XRP price failed to start a fresh increase above the $2.40 and $2.42 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin and Ethereum. There was a move below the $2.30 and $2.2650 support levels. The last swing low was formed at $2.235, and the price is now consolidating. There was a move above the $2.25 level. The price cleared the 23.6% Fib retracement level of the downward move from the $2.390 swing high to the $2.235 low. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.320 level. There is also a key bearish trend line forming with resistance at $2.3250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.35 level or the 76.4% Fib retracement level of the downward move from the $2.390 swing high to the $2.235 low. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.45 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.650. Another Decline? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.220 level. If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.25 and $2.220. Major Resistance Levels – $2.320 and $2.350.
XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is showing a few positive signs above the $2.25 zone. The price is now trading below $2.3650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.250 support. XRP Price Consolidates Below $2.50 XRP price failed to extend gains above the $2.40 and $2.45 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin and Ethereum. There was a move below the $2.32 and $2.25 support levels. The last swing low was formed at $2.202, and the price is now consolidating. There was a move above the $2.25 level. The price cleared the 50% Fib retracement level of the downward move from the $2.47 swing high to the $2.202 low. The price is now trading below $2.3650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.380 level. There is also a key bearish trend line forming with resistance at $2.380 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.40 level or the 76.4% Fib retracement level of the downward move from the $2.47 swing high to the $2.202 low. The next resistance is $2.45. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.6650 in the near term. The next major hurdle for the bulls might be $2.720. More Losses? If XRP fails to clear the $2.400 resistance zone, it could start another decline. Initial support on the downside is near the $2.320 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.32 and $2.250. Major Resistance Levels – $2.380 and $2.400.
Despite recent declines and volatility, a crypto analyst has declared that the XRP price is on the cusp of breaking out of a bullish flag pattern. According to the analyst, a successful breakout of this bullish flag could result in a massive 50% price gain for XRP, bringing the cryptocurrency closer to its previous all-time high of $3.84, recorded during the 2021 bull run. XRP Price Targets $3.6 After Bullish Flag Breakout Over the past few weeks, the XRP price has formed a bullish flag pattern, indicating a potential for continued upward movement. According to crypto analyst Captain Faibik’s shared chart on X (formerly Twitter), XRP is preparing to break out of this bullish flag on the daily time frame chart. Related Reading: Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December A bullish flag is widely recognized as a continuation pattern. It forms when a cryptocurrency’s price is trading sideways or undergoing a correction and indicates the potential for a strong upward movement. On the analyst’s chart, XRP is testing the upper boundary of the bullish flag pattern, aiming to break above it and trigger its next price rally. Captain Faibik has predicted that if XRP successfully breaks out of this bullish flag and maintains a price above it, it could spark an impressive 50.22% rally. Currently trading at $2.2, If XRP can rally as much as 50% following its bullish flag breakout, its market price could jump significantly to $3.3. This projected target is just 16.36% away from breaching XRP’s $3.84 ATH, achieved during the previous bull run in 2021. Further solidifying his confidence in XRP’s future price trajectory, Captain Faibik’s recent prediction doubles down on former projections in earlier X posts, where the analyst forecasts a massive price increase to $3.66 for XRP. Elliott Waves To Push XRP Above $20 In another X post, a prominent crypto analyst identified as the “CryptoBull” predicted that the XRP price could soar above $20 later in this bull cycle. However, the analyst also projects that the cryptocurrency could reach a short-term target of $13 within the next few weeks. Related Reading: Bitcoin Weekly PPO Turns Red At $102,000, What It Means For The Bull Market CryptoBull has based his optimistic XRP price projections on Elliott impulse waves, highlighting their impact on the cryptocurrency’s historical price movements. The analyst disclosed that Elliott impulse waves typically begin after a cryptocurrency experiences a significant price breakout. He further explained that in 2017, the five waves of the Elliott impulse wave cycle had triggered a price surge from $0.002 to $3.84, representing a staggering 70,000% increase. Based on this historical trend, CryptoBull projects that XRP could witness a similar bull rally. He forecasts that the five Elliott impulse waves could spark a 6,000% increase in the XRP price during this bull cycle, pushing it to new ATHs of $26. Featured image created with Dall.E, chart from Tradingview.com
XRP price failed to surpass $2.50 and corrected some gains. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is struggling to gain pace for a move above the $2.40 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2.390 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.250 support. XRP Price Dips Below $2.32 XRP price failed to extend gains above the $2.48 and $2.50 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin and Ethereum. There was a move below the $2.40 and $2.32 support levels. Besides, there was a break below a short-term rising channel with support at $2.390 on the hourly chart of the XRP/USD pair. The last swing low was formed at $2.26, and the price is now consolidating. There was a move above the $2.32 level. The price cleared the 23.6% Fib retracement level of the recent drop from the $2.47 swing high to the $2.26 low. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.365 level or the 50% Fib retracement level of the recent drop from the $2.47 swing high to the $2.26 low. The first major resistance is near the $2.40 level. The next resistance is $2.42. A clear move above the $2.42 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.6650 in the near term. The next major hurdle for the bulls might be $2.720. More Losses? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.300 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.30 and $2.250. Major Resistance Levels – $2.3650 and $2.400.
XRP price is consolidating gains above the $2.350 support zone. The price is showing positive signs and might aim for a fresh increase above $2.4650. XRP price is struggling to gain pace for a move above the $2.50 zone. The price is now trading below $2.435 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2.385 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.320 support. XRP Price Holds Support XRP price remained above the $2.320 level but failed to start a fresh increase like Bitcoin and Ethereum. The price struggled to clear the $2.50 resistance and remained below $2.45. The last swing low was formed at $2.32 and the price is now consolidating. There was a move above the $2.40 level. The price cleared the 50% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. The price is now trading below $2.435 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.385 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.465 level or the 76.4% short-term rising channel forming with support at $2.385 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.50 level. The next resistance is $2.55. A clear move above the $2.55 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Decline? If XRP fails to clear the $2.435 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level. The next major support is near the $2.320 level. If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.380 and $2.320. Major Resistance Levels – $2.4650 and $2.500.
The XRP price has been one of the best altcoin performers over the last few months, going from below $0.6 to over $2.8 in this time period. Nevertheless, like the rest of the crypto market, the altcoin recently succumbed to bearish pressure, pushing it back toward $2. Despite this, the XRP price has continued to show strength, and recent developments on the altcoin’s chart show that the bullish momentum is far from over. XRP Price Shows Bullish Continuation So far, the XRP price has been ranging in a tight channel as bulls have maintained a tight hold on the $2 support. A crypto analyst on the TradingView platform points this out in a recent analysis that paints XRP in a bullish light despite the crash. Related Reading: Litecoin Sees 2M Bollinger Bands Tighten – What A Move Above $130 Will Mean For Price With the price retracement, $2 has been established as support, while the most notable resistance is now sitting below $3. Given the recent developments, the crypto analyst believes this is bullish for the XRP price. This is because the altcoin has been setting a bullish continuation move on the daily chart. This bullish continuation is known to be bullish for crypto assets, especially when it ends in a breakout. For now, the XRP price will need to break out of the current bullish channel to confirm this move. If this happens, then XRP could be looking at an over 300% move from its current price level. “Once we get a break out of that bullish channel we will break all time highs well into a new all time high,” the crypto analyst said. How High Can Price Go From Here? If the XRP price were to successfully break out of the bullish channel from here, then it signals momentum that could send it to a new all-time high. Currently, the altcoin is sitting around 37% below its all-time high price of $3.84 set back in 2027. This means that an 80% move from here would mean new all-time highs. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst According to the crypto analyst, the breakout would see the XRP price more than double. They predict that the price could rise as high as $10-$11 off this bullish momentum, which would mean a 5x jump and the first time XRP would be touching double-digits. As for when this move might happen, the chart puts it in Q1 2025. The first quarter of the year has been known to be bullish for cryptocurrencies, so this falls into place for the cryptocurrency. The last two years have seen XRP close out Q1 in the green, with 58.8% gains in 2023 and 2.37% gains in 2024. So far, the XRP price is up 15.9% in 2025, suggesting that it will follow the same path as the previous years. Featured image created with Dall.E, chart from Tradingview.com
XRP price is consolidating gains above the $2.320 support zone. The price is showing positive signs and might aim for a fresh increase above $2.50. XRP price started a downside correction from the $2.50 zone. The price is now trading below $2.45 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.320 support. XRP Price Holds Support XRP price remained supported above the $2.30 level and extended gains, like Bitcoin and Ethereum. There was a move above the $2.45 level and the price tested $2.50 before there was a downside correction. A low was formed at $2.32 and the price is now rising. There was a move above the $2.40 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. There was a break above a connecting bearish trend line with resistance at $2.380 on the hourly chart of the XRP/USD pair. The price is now trading below $2.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.45 level or the 61.8% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. The first major resistance is near the $2.50 level. The next resistance is $2.55. A clear move above the $2.55 resistance might send the price toward the $2.680 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Decline? If XRP fails to clear the $2.45 resistance zone, it could start another decline. Initial support on the downside is near the $2.370 level. The next major support is near the $2.320 level. If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.370 and $2.320. Major Resistance Levels – $2.450 and $2.500.
A crypto analyst has issued a new XRP price prediction, forecasting a potential breakout that could see the prominent cryptocurrency skyrocketing to $4.9. With the formation of a classic bull flag pattern and the 1-Day 50 Moving Average (MA) acting as a bullish catalyst, the analyst is increasingly confident that XRP will reach new All-Time Highs (ATH) in 2025. How The 1-Day 50 MA Will Propel XRP Price To $4.93 The 50-day MA is a technical indicator used to track the average closing price of a cryptocurrency over the last 50 trading days. According to Dr. Dovetail, a TradingView crypto analyst, the 1-day 50 MA, indicated by the orange line in his XRP price chart, has risen to the lower boundary of a bull flag pattern. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The analyst suggested that XRP’s price action, which has been in a consolidation phase after its big pump, triggered the formation of the classic bull flag pattern. This bullish continuation pattern typically occurs after a strong upward movement, followed by a price correction that leads to consolidation. Historically, when a cryptocurrency consolidates near strong moving averages like the 1-day 50 MA, it indicates the readiness for a price breakout. Looking at his technical chart, the 1-day 50 MA plays a crucial role in Dr. Dovetail’s analysis and bullish XRP price prediction. The analyst believes this Moving Average can push the XRP price out of its consolidation nest to its next bullish target. Based on the confluence of technical patterns and indicators, the dotted ascending line in the analyst’s XRP chart indicates a potential price target of $4.93. Dr. Dovetail extended his forecast, highlighting that XRP could achieve this ambitious all-time high before February 2025. The XRP price chart has also indicated a volume bar showing relatively stable activity during the cryptocurrency’s consolidation phase. Additionally, the Stochastic Relative Strength Index (RSI) at the bottom of the chart suggests that XRP may be oversold, supporting the potential for a breakout. While Dr. Dovetail acknowledged that his predictions were not financial advice, the TradingView analyst expressed confidence that the current technical setup in the XRP chart could push its price to $4.93 this year. This target would represent a 105% surge from XRP’s current market value, underscoring a significant move upward from its consolidation phase. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Update On XRP Price Analysis According to data from CoinMarketCap, the XRP price is presently trading at $2.41, marking a noteworthy 8.79% increase over the past week. Delving deeper into its price action and ongoing consolidation phase, XRP experienced a severe downturn after it surged from $0.5 to above $2 in November 2024. Over the past few weeks, the cryptocurrency has struggled with volatility as it aims to reclaim its all-time high of $3.84, attained during the 2021 bull run. Nevertheless, XRP still holds its position as the third-largest cryptocurrency by market capitalization. Featured image created with Dall.E, chart from Tradingview.com
The XRP price ended the month of December at around $2.08 after a period of back and forth between gains and declines. Although it ended December just above the $2 mark, the XRP price went through a bullish period in the first half of the month, which saw it peaking around $2.9, its peak price in over six years. Despite ending the month at a 28% decline from this six-year peak, XRP has nonetheless achieved the highest monthly candle body close in its history. This interesting phenomenon was noted by crypto analyst Tony Severino, who also suggested that the XRP price is on track to reach $13 this cycle. XRP Price Completes Highest Candle Body Close In History XRP ended December at a 6.94% gain from where it started, building upon an unexpected 281.7% increase in November, according to data from CryptoRank. This period of price increases saw XRP receiving considerable attention from crypto analysts and investors, with various predictions of a continued bullish momentum into 2025. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 However, Bitcoin’s failure above the $100,000 price mark seems to have stalled XRP’s momentum alongside many other cryptocurrencies. This caused XRP to spend the latter half of December in a correction plus consolidation path. Nevertheless, the bullish trajectory remains valid for XRP, with recent technical analysis by crypto analyst Tony Severino also lending voice to this. The XRP price registered its current all-time high of $3.40 in January 2018 but closed out the month at $1.124 to kickstart consecutive bearish candles on the monthly timeframe. As pointed out on the XRP monthly candles by Tony Severino, December 2024 was the highest monthly close for the XRP price. Although the cryptocurrency failed to break past its current all-time high during December, it managed to accomplish this notable milestone. While this isn’t much of a technical indicator, it lends voice to the lingering bullish momentum surrounding the XRP price, which has prevented further price declines below the $2 mark. Technical Analysis Points To $13 Price Target Crypto analyst Tony Severino also highlighted an interesting technical pattern playing out on XRP’s daily candlestick timeframe. According to the analyst, a bull flag seems to be emerging after XRP’s price correction in December. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The bull flag pattern identified by Severino is a technical setup often associated with significant price surges. It is characterized by the steep upward movement in November, followed by a period of consolidation in a downward-sloping channel in December. A breakout to the upside from the bull flag pattern typically leads to a continuation of the initial rally. In the case of XRP, Tony Severino projected a breakout that would see XRP surge to $13 in the coming months. At the time of writing, XRP is trading at $2.37 and is up by about 12% in the past 24 hours. Reaching the projected $13 target would translate to a 450% gain from the current price level. Featured image created with Dall.E, chart from Tradingview.com
In a detailed XRP price analysis on the TradingView platform, crypto analyst AlanSantana has identified a price target of around $4.68, even as XRP has extended its decline towards the $2 mark. This interesting prediction is based on resistance and support levels in the XRP price chart, which are more reliable for technical analysis. According […]
Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move. XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected. The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 Meanwhile, the crucial support levels for the XRP price are $1.95, $1.88, and $1.63. Based on an earlier analysis by Dark Defender, XRP could still rally to double digits in the long term. The analyst highlighted a bull flag that had formed on the daily chart, noting that it was similar to the one that had earlier formed on the 4-hour timeframe. Dark Defender stated that the bull flag that formed on the daily chart targets the Fibonacci Level of $5.85 and penetrates toward $10.1979. The crypto analyst remarked that this is a historical pattern approach and the Fibonacci Wave. He added that the last Fibonacci targets stand at $18.22 and $36, with no significant targets in between. The analyst’s accompanying chart showed that the XRP price could reach these targets in the first half of 2025. While analyzing XRP’s yearly chart, Dark Defender stated that a God Candle awaits next year. This came as he noted that XRP had enjoyed a breakout year in 2024, having consolidated for around six years. XRP boasts a year-to-date (YTD) gain of over 228%. From An RSI Perspective Crypto analyst Egrag Crypto provided insights into the XRP price action from a Relative Strength Index (RSI) perspective. The analyst stated that 74, 70, and 65 are the three key RSI levels to watch out for. In the most bullish scenario, he remarked that XRP needs to ideally reach 88 or even 96.5 and higher for the RSI curvature to continue trending upward. Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why Egrag Crypto said it would be “incredibly” bullish if the XRP price bounces from the 74 range. Meanwhile, a dip to 70 could indicate bearish momentum. However, he added that a bounce from this RSI level is essential for continuing the bull run. Likewise, a dip to 65 is also bearish for XRP, but as long as the crypto doesn’t drop below this level, then a bounce would indicate a significant move ahead. The crypto analyst warned that closing below the 65 RSI level could signal the end of the bull run. At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
XRP has reached a critical $1.9 support level, a price point that could define its short-term trajectory. At the same time, the Composite Trend Oscillator indicator is signaling oversold conditions, hinting at the possibility of a price rebound. Oversold readings typically suggest that selling pressure may have peaked, paving the way for buyers to regain control. The spotlight is now on the $1.9 support level—will it act as a launchpad for a bullish reversal, or will bears push XRP into deeper declines? As the market watches closely, this combination of technical signals and price action could set the stage for XRP’s next major move. $1.9 Support Role In XRP Price Action The $1.9 support level has emerged as a pivotal zone for XRP, acting as a foundation for its price stability amid ongoing market turbulence. Support levels are essential in technical analysis, serving as points where buying pressure is typically strong enough to halt or reverse a downtrend. For XRP, the $1.9 level represents a psychological threshold and holds significant historical importance in its price action. Related Reading: XRP Price Momentum Stalls: Bulls Fails to Break Through Additionally, this level has been tested multiple times in the past, demonstrating its resilience as a reliable anchor for bullish recoveries. Traders and investors often view such critical support zones as opportunities for entry, anticipating a possible bounce that might lead to upward momentum. However, its role extends beyond just being a price floor. It also serves as an indicator of market sentiment and the balance of power between bulls and bears. Currently, as XRP approaches this key level, the question remains whether it can sustain the buying interest needed to spark a recovery. A successful defense of the $1.9 support would reaffirm its strength and likely attract fresh buying pressure, setting the stage for a rally toward higher resistance levels. However, a breach of this critical support could signal a shift in momentum, leading to more declines and triggering stop-loss orders from traders, which may accelerate the downward move. The Bigger Picture: What Current Setup Means For Its Future XRP’s current technical setup offers crucial insights into its next potential direction. The $1.9 support level is a key zone, with oversold signals suggesting a rebound. If this support level holds, it is likely to restore bullish confidence, sparking an upward movement toward the $2.9 resistance level and beyond. Related Reading: XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% However, if this level fails to hold, it could trigger additional bearish momentum, pushing the price toward the next lower support zone at $1.7. XRP breaking below this level could lead to a retest of additional support levels. Featured image from Medium, chart from Tradingview.com
Egrag Crypto, a well-known crypto analyst on the social media platform X, recently shared an optimistic price prediction for XRP. According to the analyst, technical analysis of the XRP price on the weekly timeframe suggests that XRP is on track to reach a price target of $15 by May 5, 2025. Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst The analysis, which is rooted in Fibonacci levels and Elliott Wave theory, offers a long-term bullish outlook for the altcoin despite its recent decline over the past week. This is because the XRP price has been on a decline since the past seven days alongside the rest of the crypto market. Fibonacci And Elliott Wave Analysis For XRP According to Egrag Crypto, the Fibonacci 1.618 level indicates that May 5, 2025, could be a pivotal date for XRP’s price trajectory in the long term. His technical analysis uses auto-Fib time zones and trend-based Fibonacci on the weekly XRP timeframe price chart. Interestingly, this timeline aligns closely with the general sentiment surrounding XRP, as many crypto participants are currently looking forward to a surge in the first half of 2025. As such, the analyst also noted that it remains uncertain whether the predicted surge to $15 will occur before or after this predicted date. Speaking of price timeline, the $15 target is based on actual calculations and the Elliot Wave theory. According to the analyst, XRP is currently in Wave 4, which is the second corrective phase in the Elliot Wave theory. Once this phase is completed, Wave 5 is expected to be the next major move. Wave 5 is traditionally known for being the third impulse wave that pushes the asset’s price to new highs. To estimate the magnitude of Wave 5, the analyst examined the performance of the previous impulse waves 1 and 3. Notably, Waves 1 and 3 were highlighted by price increases of 63.39% and 570%, respectively. Using these figures, Egrag Crypto applied a common Elliott Wave principle that suggests Wave 5 often equals 61.8% of the combined gains of Waves 1 and 3. By applying this school of thought and punching in the numbers, Wave 5 is expected to result in an approximate price increase of around 391% for XRP. In terms of a price target, this translates to a price range around $15. Is A Long-Term Bullish Trajectory Still Valid For XRP? Despite XRP’s current decline over the past seven days, mirroring a broader market downturn, this technical analysis provides a counterpoint to the short-term bearish outlook. Particularly, XRP has been on a decline since it peaked at $2.82 on December 3. Related Reading: XRP Forms Bullish Flag Pattern: What’s Next For The Altcoin? At the time of writing, XRP is struggling to reclaim the $2.20 price level and is still facing selling pressure among some holders. Nonetheless, the cryptocurrency’s fundamentals point bullish, and it could easily resume its price surge anytime soon. At the time of writing, XRP is trading at $2.18 Featured image from Outlook Business, chart from TradingView
XRP is capturing attention across the crypto market as it forms a bullish flag pattern, a classic technical setup often signaling potential upside. This development comes after a strong price surge, followed by a period of consolidation that mirrors the shape of a flag. Such patterns are typically interpreted as continuation signals, hinting that the recent upward momentum could resume if key conditions are met. Currently trading within this flag’s boundaries, XRP appears to be gathering strength for its next big move. A successful breakout would likely validate the bullish scenario, positioning the altcoin for significant gains and sparking renewed optimism in the market. Conversely, a breakdown below the lower boundary could undermine hopes, paving the way for a possible retracement. Analyzing The Bullish Flag: A Closer Look At XRP’s Pattern The bullish flag pattern is a reliable continuation signal in technical analysis, suggesting further upside potential. For XRP, this pattern has gained attention as it indicates the cryptocurrency may be preparing for its next upward move. Related Reading: XRP Price Takes a 5% Hit: Is More Downside Ahead? XRP’s price initially surges, creating a “flagpole” driven by strong positive momentum and high volume. Following this is a consolidation phase where the price moves within a narrow range, typically downward or sideways. This consolidation represents a temporary pause in the uptrend, allowing the market to digest gains. It demonstrates resilience, suggesting that selling pressure is manageable and the bullish trend could resume. Furthermore, the formation is validated when the price breaks out above the upper boundary of the flag, resuming its prior upward trajectory. Such a breakout would signal renewed buying interest and the potential to test higher price levels. Key indicators to watch include increased trading volume during the breakout as this confirms market participation and bullish conviction. Additionally, XRP must sustain its momentum above the resistance level to avoid the risk of a false breakout. Key Resistance And Support Levels: Navigating The Breakout Potential If XRP’s price breaks out above the upper boundary of the bullish flag pattern, it could signal the continuation of the uptrend and open the door for a move toward higher price levels, with the next major resistance zone near $2.90. A successful breakout above this level would reinforce the upside trend, possibly leading to new price highs. Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon However, if XRP breaks below the lower boundary of the flag, the immediate support to watch is $1.90. A decisive break below this level could signal a shift in market sentiment, potentially leading to further downside movement. Such a breach would suggest that the bullish momentum has faltered, and the next support zone might be tested, which may trigger additional selling pressure. Featured image from Adobe Stock, chart from Tradingview.com
XRP price failed to continue higher above $2.35 and declined. The price is down over 5% and is showing bearish signs below the $2.20 level. XRP price started another decline below the $2.250 support level. The price is now trading below $2.25 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.120 support. XRP Price Dips Again XRP price failed to clear the $2.35 resistance and started a fresh decline, like Bitcoin and Ethereum. There was a sharp move below the $2.30 and $2.50 support levels. Besides, there was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP/USD pair. The pair declined over 5% and even tested the $2.120 zone. A low was formed at $2.126 and the price is now consolidating losses. It corrected some losses and climbed above $2.15. It tested the 23.6% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. The price is now trading below $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.18 level. The first major resistance is near the $2.20 level. The next resistance is $2.24 or the 50% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. A clear move above the $2.24 resistance might send the price toward the $2.30 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.450. More Losses? If XRP fails to clear the $2.24 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level. The next major support is near the $2.10 level. If there is a downside break and a close below the $2.10 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.120 and $2.100. Major Resistance Levels – $2.180 and $2.240.
XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.30 resistance. XRP Price Fails Again XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.240 and $2.210. Major Resistance Levels – $2.300 and $2.350.
XRP price corrected some losses and climbed above the $2.25 zone. The price is now struggling to clear the $2.350 resistance zone. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.350 resistance. XRP Price Faces Hurdles XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.32 level. The first major resistance is near the $2.35 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.28 level and the trend line. The next major support is near the $2.240 level or the 50% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.240 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.280 and $2.240. Major Resistance Levels – $2.350 and $2.40.
A crypto analyst has set an ambitious target between $7 and $13 for the XRP price, basing his predictions on the Elliott Wave theory and Fibonacci levels. According to the analyst’s price chart, Wave 2 and 5 could push XRP to these key targets, marking new all-time highs for the cryptocurrency. XRP Price Roadmap To New ATHs The XRP price has been on a rather lengthy consolidation trend, halting its previous price momentum after hitting the $2.5 mark. Despite facing bearish trends and a drop to $2.2, a crypto analyst on TradingView, ‘Zerpcrypto,’ has shared a bullish forecast for the popular altcoin. Related Reading: Bitcoin Price Flashes Major Buy Signal On The 4-Hour TD Sequential Chart, Where To Enter? According to the analyst, XRP could experience a significant price increase between $7.4 to $13.5. The analyst based his bullish projections on XRP’s recent price action and the Elliott Wave theory, a technical analysis tool that identifies predictable patterns in crypto prices and helps forecast market trends. Zerpcrypto shared a 2-year XRP price chart from 2014 to the present; labeling wave counts from one to five for the larger cycles and sub-waves within these cycles. The analyst’s chart indicates that XRP is currently in the middle of Wave 3, signaling a potential upward move. With Wave 2 already complete, Zerpcrypto anticipates that Wave 3 could trigger a strong price rally, potentially propelling XRP to $7.4. After reaching the Wave 3 target, a minor pullback is expected in Wave 4, allowing the market to consolidate before XRP’s final big push upward into Wave 5. In this last wave, XRP could rise to $13.5 and potentially even surge as high as $27.4. In addition to the Elliott Wave theory, Zerpcrypto‘s predictions are grounded in Fibonacci levels. The projected $7.4 and $13.5 XRP price targets align with the 4.236 and 8.618 Fibonacci extension levels respectively, reinforcing the analyst’s bullish outlook. Zerpcrypto has also spotlighted a positive Moving Average Convergence Divergence (MACD) for XRP, further strengthening his confidence in the cryptocurrency’s projected $7.4 to $13.5 price target. Crypto Whales Buy 40 Million XRP Despite XRP’s price drop to $2.25, a 13% decline over the past week, whales continue accumulating large amounts of tokens, viewing the price dips as a potential buying opportunity. Crypto analyst Ali Martinez revealed in a recent X (former Twitter) post that whales have bought another 40 million XRP in the last 24 hours. Related Reading: XRP Price On Its Way To $10 In Only 3 Months If It Follows This Pattern A crypto community member has speculated that this large-scale purchase could signal that whales may be positioning themselves for significant change in XRP. Typically, a surge in whale buying activity often suggests increased confidence in the bullish outlook of a cryptocurrency. With XRP’s price surging over 4X from its previous low of $0.5 to surpass $2.2 in just two months, analysts are forecasting continued gains as the bull market gains momentum. Featured image created with Dall.E, chart from Tradingview.com
XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone. XRP price is attempting a fresh increase above the $2.20 resistance zone. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.185 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.30 resistance. XRP Price Eyes A Comeback XRP price started a fresh increase from the $2.12 support level, unlike Bitcoin and Ethereum. There was a decent increase above the $2.15 and $2.20 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.383 swing high to the $2.130 low. There was also a break above a connecting bearish trend line with resistance at $2.185 on the hourly chart of the XRP/USD pair. However, the bears were active near the $2.25 and $2.26 levels. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.265 level. The first major resistance is near the $2.28 level. It is near the 61.8% Fib retracement level of the downward move from the $2.383 swing high to the $2.130 low. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.680. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.188 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.180 and $2.120. Major Resistance Levels – $2.28 and $2.30.
The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2.2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond. Interestingly, crypto analyst Cryptoinsightuk recently shared his thoughts on social media platform X, drawing attention to a potential roadmap for XRP to achieve this ambitious target. Mirroring The 2017 XRP Price Pattern Cryptoinsightuk has brought a compelling perspective to the ongoing XRP price correction and its previous rally, highlighting how its current trajectory resembles the movement it experienced in 2017. Back then, XRP consolidated a little bit in early 2017 before undergoing a powerful rally that extended into 2018. Related Reading: XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96? With this in mind, technical analysis from Cryptoinsightuk adjusted the price action at that time to size in relation to XRP’s previous breakout in early October. According to this, if XRP continues to follow the 2017 pattern, the cryptocurrency could replicate this crazy move throughout 2025. Interestingly, the analyst’s overlay of the 2017 price action suggested that the XRP’s 460% price breakout from its early October range of $0.5 is already halfway into replicating this movement. If this were to continue playing out this way, the analyst expects XRP to break above $10 in the first quarter of 2025. However, Cryptoinsightuk’s projections extend beyond this initial $10 target in Q1 2025. If XRP’s price continues to mimic the historic movement beyond the first quarter, the analyst envisions what he describes as a “moon boy blow-off top.” This phase, which is characterized by a larger parabolic surge in price, could push XRP as high as $35 by the third or fourth quarter of 2025. Factors To Push XRP’s Bullish Trajectory CryptoinsightUK’s bullish outlook on XRP hinges on the cryptocurrency’s ability to replicate its 2017 movement. Back then, the parabolic surge saw XRP go from below $0.0060 until it reached its current all-time high of $3.40. Punching in the numbers, this comes up to around 56,000% gain over 12 months or so. Related Reading: Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally While XRP is currently in a positive market sentiment to continue a strong bullish move, market conditions in 2024 are different from those in 2017. Furthermore, the amount of inflow capital needed to reach $10 or $35 at this point would be far greater than what it took to reach $3.4 in 2018. However, increased institutional involvement and factors like political and expected regulatory positivity in 2025 suggest that the XRP price could nonetheless go on a comparable surge. Additionally, broader crypto market trends, such as Bitcoin’s performance, could contribute to the predicted XRP price surge. At the time of writing, XRP is trading at $2.18. Reaching the $10 and $35 price targets would translate to a 358% and 1,505% move, respectively. Featured image created with Dall.E, chart from Tradingview.com
XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone. XRP price struggled to clear the $2.40 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it stays below the $2.30 resistance. XRP Price Faces Resistance At $2.40 XRP price started a fresh increase from the $2.00 support level, unlike Bitcoin and Ethereum. However, the bears were active near the $2.38 and $2.40 levels. A high was formed at $2.38 and the price started a fresh decline. There was a move below the $2.30 and $2.25 levels. The price dipped below the 50% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. There is also a connecting bearish trend line forming with resistance at $2.25 on the hourly chart of the XRP/USD pair. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.25 level. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.620. More Downsides? If XRP fails to clear the $2.25 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level or the 61.8% Fib retracement level of the upward move from the $1.955 swing low to the $2.383 high. The next major support is near the $2.050 level. If there is a downside break and a close below the $2.050 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.120 and $2.050. Major Resistance Levels – $2.25 and $2.30.
Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections. XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure is highlighted in the Relative Strength Index (RSI), a technical indicator used to measure the momentum of a cryptocurrency. This double tap pattern typically signals further downward movement before a price stabilization. Related Reading: This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, Full Prediction Shows A Further 30% Decline According to Dark Defender, a crypto analyst on X (formerly Twitter), the RSI’s recurrent dips into oversold territory indicate that XRP could experience a price crash to new lows. The analyst disclosed that the XRP price had previously found strong support at $2.17; however, the cryptocurrency experienced a bounce to the upside. After hitting this support level, the XRP price is now consolidating, a pattern often associated with a potential uptrend after a correction. Despite the slight market recovery, the analyst has warned of another impending price crash in this same support zone as the RSI approaches oversold levels once more. Earlier in December, the RSI had hit oversold territories after dipping below 30%. Now XRP’s RSI is above 50% and signaling a potential to experience a price correction between the support levels at $2.17 and $2.18. Dark Defender has revealed that this price crash could occur soon as XRP is expected to enter oversold territory within a day. Despite this potential price correction, the analyst has acknowledged that the XRP’s broader outlook still looks bullish, with an uptrend continuation expected once the market consolidates following its projected price dip to new lows. Dark Defender has also predicted that XRP’s next price target after this projected correction is likely above $3, marking an almost 40% increase from the $2.17 support area. XRP 3-Month Chart Signals Strong Bullish Set Up Following his predictions that the XRP price could crash as it enters oversold conditions, Dark Defender also shared a 3-month chart analysis, painting a brighter outlook for the cryptocurrency. The chart shows that XRP has recently broken through a multi-year resistance level for the first time in over five years, signaling a strong bullish shift. Related Reading: Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump The three-month green candle structure between October and December confirms strong buying pressure, setting the stage for a potentially bullish Q1 2025 from January to March. A rounded bottom pattern can also be seen on the XRP 3-month chart. This pattern is a classic bullish reversal structure that indicates a gradual move from a downtrend to an uptrend. Dark Defender has marked several Fibonacci levels as potential price targets for XRP. According to the analyst, XRP could see a 261.80% rise to the 5.8563 Fibonacci level between $5 to $9. After which, the analyst expects a 361.80% surge to the 18.2275 Fibonacci between $16 to $28. Support levels at the 0.6649 Fibonacci at $0.9 have also been highlighted, acting as a safety net for XRP during price corrections. Featured image created with Dall.E, chart from Tradingview.com
XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance. XRP price remained stable above the $2.20 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.40 resistance. XRP Price Stays Above $2.20 XRP price remained well-bid above the $2.20 support level, unlike Bitcoin and Ethereum. A low was formed at $2.17 and the price traded in a range below the $2.40 level. There was a minor increase above the $2.25 and $2.30 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.35 level. There is also a connecting bearish trend line forming with resistance at $2.35 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.40 level. The next resistance is $2.45 or the 50% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. A clear move above the $2.45 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.620 in the near term. The next major hurdle for the bulls might be $2.80. Are Dips Limited? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.25 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.20 and $2.050. Major Resistance Levels – $2.35 and $2.40.
A certified Chartered Market Technician (CMT) analyst recently shared a chart discussing the XRP price potential for a bullish surge. Basing his projections on key technical indicators, the analyst believes that the XRP price rally still has a long way to go before it reaches overbought levels. Technical Indicators Signal XRP Price Bullish Reversal CMT-certified […]
XRP price started a fresh decline below the $2.350 zone. The price retested the $2.20 support zone and is currently attempting a recovery wave. XRP price started a fresh decline from the $2.720 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.40 resistance. XRP Price Dives To $2.20 XRP price failed to start a fresh increase above the $2.50 level and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.45 and $2.40 levels. The price declined over 5% and there was a move below the $2.320 support. Finally, the price spiked below the $2.20 support. A low was formed at $2.171 and the price is now correcting losses. There was a move above the $2.250 level. The price cleared the 23.6% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. The first major resistance is near the $2.450 level. There is also a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $2.720 swing high to the $2.171 low. The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.55 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.80 in the near term. The next major hurdle for the bulls might be $3.00. Are Dips Supported? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.25 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.20 and $2.050. Major Resistance Levels – $2.40 and $2.450.
The recent XRP price action has been highlighted by another notable surge that saw it reaching just above $2.7 briefly again after a 9% surge on December 17. Although the XRP price was rejected immediately after reaching this level, it continues to exhibit bullish momentum on the daily timeframe chart. Interestingly, popular crypto analyst and […]